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2005_Resolutions
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2005_Resolutions
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same, making good any default of the Lessee, and repairing any damage which <br />• may have resulted from Lessee's use of the Premises excepting normal wear and <br />tear and the expense which Lessors may incur in obtaining a new tenant. Lessee <br />agrees to pay to Lessors the amount of the foregoing liability with respect to each <br />month during the term of this Lease, all of which shall be accelerated upon any <br />default. In the event of default, and in addition to the foregoing, Lessee shall pay <br />Lessors all costs incurred, including reasonable attorney's fees with respect to any <br />collection efforts, suit, or action taken or instituted by Lessors against Lessee to <br />enforce the provisions of this Lease provided the Lessors substantially prevail. <br />(D) LIQUIDATED DAMAGES. If Lessors rightfully terminate this Lease <br />pursuant to the foregoing default provisions, Lessors shall have the right at any <br />time, at their option, to require Lessee to pay to Lessors, on demand, as liquidated <br />and agreed final damages in lieu of Lessee's liability hereinbefore provided, the <br />rent and all of the charges which would have been payable from the date of such <br />demand to the date when this Lease would have expired if it had not been <br />terminated. If the Premises have been relet for all or part of the remaining <br />balance of the term by Lessors after default by Lessee, the amount of said rent <br />shall be credited against any liquidated damages. Upon payment of any such <br />liquidated and agreed final damages, Lessee shall be released from all further <br />liability under this Lease. <br />18. RIGHT OF LESSORS TO CURE LESSEE'S DEFAULT. If Lessee shall fail <br />• to keep or perform any of its obligations as provided in this Lease, then Lessors <br />may, upon the continuance of such failure on Lessee's part for fifteen (15) days <br />after receipt of written notice from Lessors to Lessee and without waiving or <br />releasing Lessee from any obligations, and as an additional but not exclusive <br />remedy, make such payment or perform any such obligation and all sums so paid <br />by Lessors and all necessary and incidental costs and expenses incurred by <br />Lessors in making such payment or performing such obligation together with <br />interest thereon at the judgment rate of interest, from time to time as provided by <br />the Code of Virginia, shall be paid by Lessee to Lessors on demand, or at Lessors' <br />option may be added to any installment of rent thereafter falling due. <br />19. SECURITY DEPOSIT. Lessors have received a security deposit from Lessee in <br />the amount of Four Thousand, One Hundred and Sixty -Six and 00/100 Dollars <br />($4,166.00) as security for the full and faithful performance by Lessee of every <br />provision, covenant and condition of this Lease, including without limitation the <br />surrender of possession of the Premises to Lessors as herein provided. If Lessors <br />apply any part of the deposit to cure any default of Lessee, Lessee shall on <br />demand deposit with Lessors the amount so applied so that Lessors shall have the <br />full deposit on hand at all times during the term of the Lease. At the termination <br />of this Lease, In the event that Lessee shall fully and faithfully comply with every <br />provision, covenant and condition of this Lease, such security deposit or any <br />balance of it shall be returned to Lessee within thirty (30) days after expiration or <br />• earlier termination (without default of Lessee) of the Lease and delivery of <br />E3 <br />
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